MASS MEDIA – AUSTRALIA

Seven West open to closer News Corp ties

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 19 : 22-Aug-18

Seven West Media has posted a 2017-18 net profit of $135.8m, following a $744.3m loss in the previous financial year. Revenue was 3.2 per cent lower at $1.6bn and underlying EBIT fell 9.9 per cent to $235.6m, while Seven forecasts growth in underlying EBIT of 5-10 per cent in 2018-19. CEO Tim Worner says Seven may seek to strengthen its commercial partnerships or forge new deals in the wake of Nine Entertainment’s proposed merger with Fairfax Media. He notes that Seven already has an alliance with News Corp, but he has downplayed suggestions of a merger.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, YAHOO!7 COMMUNICATIONS AUSTRALIA PTY LTD, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, PRIME MEDIA GROUP LIMITED – ASX PRT

News boss blames tech giants for erosion of trust in journalism

roymorgansocial Leave a comment

Original article by Matthew Denholm
The Australian – Page: 2 : 20-Aug-18

Campbell Reid of News Corp does not believe that consumers’ trust in journalism has declined in recent years. However, he says that technologies companies such as Google and Facebook are solely responsible for any such decline in trust, and they need to take action to address this issue by removing fake news and ensuring that trusted news sources are given prominence on their platforms. Reid will be part of a panel discussion on trust in journalism at a conference in Hobart in September.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIAN BROADCASTING CORPORATION, UNIVERSITY OF TASMANIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Sky ban like a Soviet gag: Fifield

roymorgansocial Leave a comment

Original article by Samantha Hutchinson
The Australian – Page: 4 : 17-Aug-18

The Victorian Government’s decision to ban Sky News content from video screens on Melbourne train station platforms has been criticised by Communications Minister Mitch Fifield. Fifield has likened the state’s ban to the censorship policies of the Soviet Union, and says it undermines media reforms which are aimed at ensuring the viability of Australia’s media industry. The ban was imposed in response to a Sky News interview with far-right extremist Blair Cottrell, which Sky claims was not broadcast on train station platforms.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, SKY NEWS, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES, METRO TRAINS MELBOURNE PTY LTD, TRANSPORT FOR VICTORIA, PUBLIC TRANSPORT VICTORIA (PTV)

Fairfax bets on merger as regionals hit profit

roymorgansocial Leave a comment

Original article by Stephen Brook
The Australian – Page: 19 : 16-Aug-18

Fairfax Media has posted a 2017-18 net loss of $63.8m, compared with a $83.9m profit previously. The latest result was affected by writedowns associated with Fairfax’s regional newspapers and its New Zealand division, while revenue was down 2.8 per cent. Fairfax CEO Greg Hywood says the proposed merger with Nine Entertainment Company will allow the combined group to increase its audience reach and marketing inventory.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, STUFF LIMITED, GOOGLE INCORPORATED

‘TV like never before’: Foxtel launches 4K

roymorgansocial Leave a comment

Original article by Chris Griffith
The Australian – Page: 21 : 15-Aug-18

Pay-TV company Foxtel has launched its new iQ4 set-top box, which will support the 4K ultra-high-definition technology. As part of the launch, Foxtel has announced that it will offer a new channel that will exclusively broadcast content in 4K resolution. This includes Foxtel’s upcoming coverage of the Test cricket series between Australia and South Africa. The channel will also feature other sports, as well as movies, music and documentaries. However, the 4K channel will be broadcast solely via satellite

CORPORATES
FOXTEL MANAGEMENT PTY LTD

Domain sees considerable upside to proposed Fairfax-Nine merger

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 13 : 14-Aug-18

Domain Holdings’ executive chairman Nick Falloon says the merger between Nine Entertainment Company and Fairfax Media will help to grow Domain’s business. Falloon is also the chairman of Fairfax, which owns 60 per cent of Domain. He notes that both Domain and Nine have lots of useful data that when combined would be of benefit to both businesses. The property listings company has a posted a statutory net loss of $6.2m for 2017-18, while revenue was 11.5 per cent higher at $357.3m.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Minister flip-flops over Sky News ban

roymorgansocial Leave a comment

Original article by Samantha Hutchinson, David King
The Australian – Page: 3 : 14-Aug-18

The Victorian Government continues to attract scrutiny over its decision to ban Sky News content from metropolitan train station platforms. Public Transport Minister Jacinta Allan says a controversial interview with right-wing extremist Blair Cottrell prompted a surge in complaints from commuters, although Sky News maintains that the interview was not broadcast on train platforms. Meanwhile, a spokesperson for Allan says Sky News programming was removed as part of the government’s review of all content that is shown on the rail network.

CORPORATES
SKY NEWS, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES, AUSTRALIAN LABOR PARTY, ANTI-DEFAMATION COMMISSION

Pay TV service Fetch breaks through 700,000 subscribers

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 29 : 13-Aug-18

FetchTV boasted revenue in excess of $155m in 2017-18m, and the number of transactions on its platform grew by 50 per cent to 2.5 million. Fetch gained around 160,000 subscribers during the financial year, and its customer base now exceeds 700,000. CEO Scott Lorson says Fetch is on track to having one million customers, although it lags well behind Foxtel with 2.8 million subscribers. He notes that Fetch is benefiting from global trends such a growing range of content options and fast broadband with limitless data.

CORPORATES
FETCHTV PTY LTD, FOXTEL MANAGEMENT PTY LTD, SINGTEL OPTUS PTY LTD, IINET LIMITED, IPRIMUS, DODO INTERNET PTY LTD, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, THE A LEAGUE PTY LTD

Formal ACCC probe of Nine deal urged

roymorgansocial Leave a comment

Original article by Darren Davidson
The Australian – Page: 19 : 13-Aug-18

Media, Entertainment & Arts Alliance CEO Paul Murphy says the proposed merger between Nine Entertainment Company and Fairfax Media should be subject to a formal review by the competition regulator. He argues that an informal review is insufficient given the impact that the merger would have on the media sector. The MEAA’s media president Marcus Strom in turn says Nine and Fairfax should be required to submit detailed information on the merger’s impact on consumers and employees of the two companies.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MACQUARIE MEDIA LIMITED – ASX MRN, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD

Sky News ban exposed in train wreck interview

roymorgansocial Leave a comment

Original article by Stephen Brook, Olivia Caisley
The Australian – Page: 2 : 10-Aug-18

The Victorian Government has banned Sky News broadcasts on Melbourne train station platforms in the wake of the channel’s controversial interview with right-wing extremist Blair Cottrell. Transport Minister Jacinta Allan sought to defend the ban during an interview on Sky News, but she was informed that the Cottrell interview had not been broadcast on the rail network. Sky News content has been broadcast at train stations since 2015, but it is limited to news stories, sports highlights and weather reports.

CORPORATES
SKY NEWS, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES, APN OUTDOOR GROUP LIMITED – ASX APO, AMERICAN EXPRESS COMPANY, KIMBERLY-CLARK AUSTRALIA PTY LTD, SPECSAVERS OPTICAL GROUP LIMITED